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Finance GreenWatch » 9.Energy, unclassified » Black Planet Award: Presentation of negative award to GLENCORE directors (Ethecon)

Black Planet Award: Presentation of negative award to GLENCORE directors (Ethecon)

etheconlogo_deToday (Thursday 16th May) ethecon – Foundation Ethics & Economics was presenting the foundation’s negative award, the International ethecon Black Planet Award 2012, to Ivan Glasenberg, Simon Murray and Tony Hayward as well as major shareholders of the Swiss commodity corporation GLENCORE. The presentation will take place in the context of GLENCORE’s AGM in Theater Casino in Zug, Switzerland.

The International ethecon Black Planet Award names and shames those who bear shocking responsibility for the ruin and destruction of the earth and so would risk a “Black Planet.” In doing so it is important for the foundation to name those responsible. The current awardees were nominated in an international public procedure. The official award presentation took place last November at the annual ethecon conference in Berlin. The diatribe on the recipients of the negative award was held by union general secretary and vice president of Green Switzerland Dr Josef Lang.

The Casino Theatre in the Swiss town of Zug was the venue where an official representative of the company received the negative award in public. Bettina Schneider as the Foundation’s general manageress read out the open letter with reasons for the 2012 International Black Planet Award to the shareholders who had gathered for their annual meeting and to the negative awardees Ivan Glasenberg, Simon Murray and Tony Hayward. Ivan Glasenberg announced that he would soon respond with a detailed statement.

ethecon presented the Black Planet Award 2012 in conjunction with international social movements to senior managers Ivan Glasenberg (CEO), Simon Murray (Chairman) and Tony Hayward (committee for environment, health and safety) as well as the major shareholders of the GLENCORE Corporation, Switzerland. Tony Hayward was named and shamed before in 2010 for his responsibility for the Deepwater Horizon oil spill as the then CEO of BP Group with the 2010 International ethecon Black Planet Award. Thus, Hayward is the first person who received the Black Planet Award for the second time. These managers and major shareholders manage the world’s largest commodity corporation with $186 billion in sales (2011). Through the merger in early May with the mining company XSTRATA the corporation has become the world’s biggest exporter of coal for burning in power stations and the third biggest exporter of copper (source: Cash Wirtschafts- und Finanzinfo on 02.05.2013).

The company’s managers received the negative award for their shocking disregard and violation of human ethics. In a study of the 120 largest European publicly traded companies on “sustainability, social responsibility and transparency” GLENCORE came last (source: Monitor broadcast on Aug 4, 2011). The company has repeatedly attracted negative attention due to tax evasion, corruption allegations, environmental pollution and human rights violations. For the latter GLENCORE already received a naming and shaming in 2008 with the Public Eye Swiss Award. With the Initial Public Offering of the GLENCORE group, its six highest-ranking corporate officers made more money than the total population of the 96 poorest countries earned in a year (source: Swiss Federation of Trade Unions, article dated June 25, 2012). In Africa the corporation also gained from child labour (source: SRF, 10vor10 on 16.04.2012).

It is the intention of the foundation ethecon to make the public aware of the misconduct of the company’s managers and to motivate them to change the direction of their corporate policy by means of the negative award presentation, the flyer and the email petition “Stop GLENCORE!” as well as the dossier on the awardees.

The ethecon Foundation is above all known through the annual bestowal of its International ethecon Blue/ Black Planet Awards in Berlin. With its positive prizes ethecon honoured in past years Diane Wilson/USA (2006), Vandana Shiva/India (2007), José Abreu und Hugo Chávez/Venezuela (2008), Uri Avnery/Israel (2009), Elias Bierdel/Austria (2010), Angela Davis/USA (2011) as well as Jean Ziegler/Switzerland (2012). The censure awards went to the owners, shareholders and executive management of the following companies: Monsanto/USA (2006), Nestlé/Switzerland(2007), Blackwater (Xe)/USA (2008), Formosa Plastics Group/Taiwan (2009), BP/Great Britain (2010) and TEPCO/Japan (2011).

In contrast to many corporate, family, church, political and state foundations, ethecon is one of the few foundations empowered by ordinary citizens. There are currently 36 endowment contributors. Following the credo “for a world without exploitation and oppression”, it see its mission in its responsibility toward coming generations. The young foundation is financed through endowment contributions, donations and sustaining memberships.

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Further information:
Bettina Schneider
Phone     +49 – (0)211 – 22 95 09 21
Mobile    0178 – 609 56 99
eMail      mailto:bs@ethecon.org

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ethecon
Foundation Ethics & Economics

Board

Schweidnitzer Str. 41
D-40231 Düsseldorf
Germany

Fon            +49 – (0)211 – 26 11 210
eMail         aks@ethecon.org

Office

Ahrenshooper Str. 73
D-13051 Berlin
Germany

Phone       +49 – (0)30 – 22 32 51 45
eMail         info@ethecon.org
Internet     www.ethecon.org/

Donations account

EthikBank

Account number 30 45 536
Bank code 830 944 95

BIC     GENODEF1ETK
IBAN   DE 58 830 944 95 000 30 45 536

Filed under: 9.Energy, unclassified